Wow, first allocation confirmed to be disbursed to TSMC.
I can see only 2 things holding Intel back. Business viability and Pat doesn’t want to agree to the restrictions such as stock buybacks.
Sad day for Intel.
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Pat wants his $150million stocks money soon
Instead of trying to revive the dinosaur manufacturing company, US should sponsors NASA like institute to gather the best brains and use AI in automating the fab process. TSMC Arizona can be the best partner to make this happen.
CHIP act allocations are conditional upon business success not investment.
TSMC has achieved that metric of success.
INTEL wants that money without delivering the metric of success.
Not sure how that will play out.
Comments talking sh-t against TSMC? TSMC is carrying Intels fu-k'n water right now!
TSMC will be sued and unionized into oblivion. They will bleed white in North America. The weak chairman who authorized putting a factory in the US has stepped down. It will be the best for all side for them to sell the plant to Intel and go home.
TSMC is the only one delivers. Really glad to see the fund goes to the right place. Intel should open its eyes to reality now and get down to its knees to dig its way out.
Nothing semi about it. It's a full-blown laughing stock. ;)
Intel is the semi laughingstock and no reason to increase comedy duration